Asset Entities Inc. (NASDAQ:ASST – Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 350,800 shares, an increase of 427.5% from the August 15th total of 66,500 shares. Based on an average trading volume of 5,140,000 shares, the short-interest ratio is currently 0.1 days. Approximately 25.8% of the company’s stock are short sold.
Asset Entities Stock Performance
NASDAQ:ASST traded down $0.32 during trading hours on Friday, reaching $1.58. The stock had a trading volume of 509,866 shares, compared to its average volume of 1,967,911. The stock has a 50 day simple moving average of $1.56 and a 200 day simple moving average of $2.04. Asset Entities has a 12-month low of $0.87 and a 12-month high of $5.10. The stock has a market cap of $5.09 million, a P/E ratio of -0.83 and a beta of 8.38.
Asset Entities (NASDAQ:ASST – Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported ($0.58) earnings per share (EPS) for the quarter. Asset Entities had a negative return on equity of 207.47% and a negative net margin of 1,574.65%. The firm had revenue of $0.09 million during the quarter.
Insiders Place Their Bets
Hedge Funds Weigh In On Asset Entities
A hedge fund recently bought a new stake in Asset Entities stock. Symmetry Peak Management LLC purchased a new position in Asset Entities Inc. (NASDAQ:ASST – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 60,961 shares of the company’s stock, valued at approximately $39,000. Symmetry Peak Management LLC owned 0.44% of Asset Entities at the end of the most recent reporting period. 5.52% of the stock is currently owned by institutional investors and hedge funds.
About Asset Entities
Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.
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